Apple will release its First Quarter Financial results after the markets close on Wednesday and has posted Webcast information for the upcoming audio stream of its Q1 ’03 financial earnings results conference call, scheduled for Wednesday, January 15, at 5:00 pm EST – Info here .
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apple stock tanks after report. NO WONDER:
CUPERTINO, Calif., Jan. 15 /PRNewswire-FirstCall/ — Apple� (Nasdaq: AAPL – News) today announced financial results for its fiscal 2003 first quarter ended December 28, 2002. For the quarter, the Company posted a net loss of $8 million, or $.02 per share. These results compare to a net profit of $38 million, or $.11 per diluted share, in the year-ago quarter. Revenues for the quarter were $1.47 billion, up 7 percent from the year-ago quarter, and gross margins were 27.6 percent, down from 30.7 percent in the year-ago quarter. International sales accounted for 43 percent of the quarter’s revenues.
Sure to bring a smile to Mike Dell’s face!
“apple stock tanks after report”
No it didn’t. It closed at 14.43
At 10:30 EST it’s at 14.32 (-.67%) after hours.
I wouldn’t call .67% “tanking”.
I watched it realtime, and it was a dump. If apple does not visit the high 12’s by the end of next week, you are right and I am wrong.